Swedish fastener distributor acquired
15 August 2007
Tappex Thread Inserts Ltd. have acquired one of Sweden’s leading fastener distributors, AB C Edgren.
Regarding the acquisition, Tappex group managing director, Tim Barnsdale, said: “Edgren have been successfully distributing our fasteners in the Scandinavian countries for the past 20 years, and we have established an excellent working relationship with the company. They have a very broad industrial base, including customers in the automotive, sheet metal, fabricating and building industries.
“This acquisition will safeguard our markets in Denmark, Finland, Norway and Sweden and facilitate our expansion abroad. It will also provide marketing opportunities for Tappex’s presswork and assembly sister company, Pressavon Ltd. Lars Olof Pontynen, previously technical director of AB C Edgren has been appointed Managing Director.”
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